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Kering reports record revenues in 2021

The fashion group has reported its full financial results for 2021, with record revenue up 35% a comparable basis compared to 2020 and 13% up on pre-pandemic 2019 at €17.6 billion (US$19.98 billion).


Portuguese footwear and leather goods exports rebound

In the first ten months of 2021, Portugal exported 58 million pairs of shoes, worth €1.41 billion (US$1.6 billion), which reflects an increase of 9% on a comparable basis to the previous year.

Europe remains the main destination for Portuguese footwear exports. 


All houses contributed to Kering’s strong H1 performance

The France-headquartered luxury conglomerate has reported consolidated revenue of €8,047.2 million, up 49.6% as reported and 54.1% on a comparable basis; recurring operating income of €2,237.0 million, up 134.9%; recurring operating margin of 27.8%; net income of €1,479.0 million, attributable to the group; as well as recurring a net income attributable to the group of €1,477.4 million.


Burberry makes good start to new fiscal year

The luxury British fashion house has seen strong recovery in the first quarter of the 2022 financial year, with comparable store sales now in line with pre-Covid-19 trading despite a continuing challenging environment.


Genesco first quarter net sales increased 93%

The U.S. headquartered retailer of branded footwear and accessories has reported its results for the first quarter of fiscal 2022, with net sales increasing 93% to US$539 million from US$279 million in the same period in fiscal 2021.